OpenAI (OPAI.PVT) achieved a $500 billion valuation earlier this week after completing a share buyback program, according to the Wall Street Journal. Laffer Tengler Investments CEO and CIO Nancy Tengler shares her outlook on private market investments.
Also hear Nancy Tengler’s mega-cap tech stock picks beyond Nvidia (NVDA).
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
00:00 Speaker A
And there’s been a lot of buzz around private markets after that $500 billion open AI evaluation. Is private AI exposure something you’ve ever considered or would you prefer to stick with those public names that have a bit more liquidity and, you know, you more disclosure as well?
00:23 Nancy
Well, shout out to Equity Zen. Uh, they’ve got a great model where uh you can go into their fund and they own actual shares in these private companies that um and the liquidity is it provides liquidity for some of the insiders, which is a pretty cool concept. Uh you know, think if you’re in a in a company that takes 10 years to go public, it’s great if your valuation the stock valuation has quadrupled, but if you can’t realize any of that benefit, it’s not so good. So it’s a win-win for the insiders and a win-win for private investors. We are in the process of starting our own fund through equity Zen, uh in order to be able to offer those those shares to our clients. And the names I’m excited about are XAI and SpaceX, um, and of course Open AI, but it’s it’s it’s a new area and I think it it’s matured enough that retail investors can get in.
01:29 Speaker A
Yeah, exciting time for a lot of investors right now. Nancy, thank you so much. Appreciate your insight as always.
